Wednesday, April 7, 2010

4/7 10:15

Market hit the DJI 5-minute, 380-unit M/A and in in expected bounce.  Will only increase exposure on decline breaking nearest support level.  This is .56% below the SPX 15-minute, 54-unit EMA.  Currently the M/A is 1187.15 and the calculated break level is at 1180.50.  This will be moving up through time.

The stock market rally hit an I1 sell signal and is presumed dead.  I am short 7.5% and awaiting confirmation. Silver will break down along with the stock market.  May silver futures decline below 17.86 on an hourly close will trigger a short silver position.  This will coincidentally confirm a renewal of the stock market decline.
 

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